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SirWin
SirWin
SirWin

Axie Infinity is among top gainers on Christmas

axie-infinity-is-among-top-gainers-on-christmas
Edited by
Markets
Axie Infinity is among top gainers on Christmas

Axie Infinity is among the top gainers on Christmas Day, climbing by 21% today and 51% over the past week.

This significant increase positions Axie Infinity as the second-highest gainer in the crypto market today, just behind ORDI.

The driving force behind this surge is the latest major game update, which has the potential to attract more players. A key feature of this update is the evolution of Axies, which some users find similar to Pokemons. Players can now evolve their Axies with more features and abilities.

https://twitter.com/AxieInfinity/status/1737314034460889134?t=2ObjJv7-X27kxy1_S70EdA&s=19

This update process is more than a cosmetic change, as it fundamentally alters the Axie Infinity economy. By allowing part evolutions, the game introduces a deflationary mechanism that could reduce the overall Axie population, simultaneously increasing the value of existing Axies and deepening the players’ connection with their digital companions.

In a broader context, several other gaming tokens have seen a noteworthy uptick on Christmas week. Decentraland, a leading metaverse cryptocurrency, has increased value by over 20% in the last week.

Similarly, The Sandbox has enjoyed a substantial 25% increase in its token value over the same period.